News

In The Wake of Devastating LA Fires, Residents Begin to Rebuild

Nearly four months after wildfires reduced thousands of Los Angeles-area homes to rubble and ash, some residents are starting to rebuild. In the Pacific Palisades neighborhood, construction workers recently began placing wooden beams to frame a house on a lot …

Insurers Paid $612M on Kansas Storm Damage Claims in 2024

Kansas Insurance Commissioner Vicki Schmidt released data last month on the amount paid by insurance companies for Kansas storm damage claims in 2024. In 2024, reported storm claims totaled 56,778 and the amount paid out on those claims by insurance …

TWFG Acquires Agencies in Texas and North Carolina

TWFG, Inc., a high-growth insurance distribution company, announced the acquisition of two agencies, one in Texas and one in North Carolina, and the hiring of Denise Davis as Vice President of Retail Operations. Denise Davis Insurance, located in Tomball, Texas, …

People Moves: Aon Names DiLorenzo as Head of US Casualty for Reinsurance Solutions; Brit Promotes Mudd to Active Underwriter for Syndicate 2988

Aon Names DiLorenzo as Head of US Casualty for Reinsurance Solutions Insurance broker Aon plc named Anthony DiLorenzo as head of US casualty for Reinsurance Solutions, effective immediately. In his new role DiLorenzo will be responsible for leading casualty broking …

Auto Insurance Market Stays Rational Despite Improved Trends, Says Allstate

Allstate Corp. CEO Tom Wilson said he does not expect auto insurers to get more aggressive on pricing as the industry’s rate increases seem to have leveled off. For the most part, Wilson explained to analysts during a call to …

AmeriCorps Cuts Leave Vulnerable Homeowners Struggling After Natural Disasters

Years had passed since Hurricane Harvey’s howling winds and heavy rains tore apart Dan Lee’s century-old roof in West Columbia, south of Houston. Then came the knock on his door. It was Mosaic in Action, a nonprofit that has helped …

Mother of Dead Inmate Sues Troubled Wisconsin Prison

The mother of an inmate who died of dehydration and malnutrition at Wisconsin’s oldest maximum security prison last year has filed a federal lawsuit, marking the fourth action brought by relatives of inmates who have died at the troubled institution …

Space X Workers in South Texas Approve Measure to Incorporate Area as a New City

Elon Musk’s wish to create his own city just came true. On Saturday, voters living around SpaceX’s rocket testing and launch facility in South Texas approved a measure to incorporate the area as a new city. Soon after polls closed …

Markets/Coverages: AXIS Launches Cyber and Liability Policy for Canadian SMEs

AXIS Capital Holdings Ltd., the Bermuda-based specialty re/insurer, announced the launch of an insurance policy that offers customizable cyber and specialist liability coverage to companies in Canada with up to US$2 billion in revenue. (Correction: The revenue figures for SMEs …

North Carolina Man Charged With ID Theft, Filing Multiple Auto Claims

North Carolina authorities last week charged a man with 21 felonies, including insurance fraud and theft, after he reportedly stole identities and filed false auto claims with four insurance companies. Damain Rayshawn Cummings, 30, of Zebulon, appeared in court April …

News Archives by Month